SK hynix $SKHY lists in the US stock market tonight.


Priced at 149, opening up 16% at 173.
It’s the largest US stock market IPO by a foreign company in history, with 7x oversubscription.
Meanwhile, Korean stocks this week have dumped 33% from the peak, nearly halving.
SK hynix is No. 1 globally for HBM, while Micron $MU has a 21% market share.
The moment SK hynix lists, Micron $MU actually falls too—sure enough, capital really runs to cheaper places.
MU-0.89%
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